I, For One, Welcome Our New Bull Overlords

A rare morning post. Trying to shake off the blahs.

I got a nice surprise this morning when one of my put positions, Legg Mason, fell over $16 right at the open. Disappointing earnings. May many other companies follow suit! This chart is a nice example of a price breaking its trendline, doing a full retrace (noted with a circle here), and then taking a swan dive. Love it.


I'm in a ton of different positions - almost all of them puts, with a smattering of energy-oriented longs (by means of call positions). Capital One (COF) is one of the puts. Looks like a clean retracement to a broken inverted saucer.


Panera (PNRA) is still on my list to take a tumble. My brother actually owns one of these franchises, so I've got nothing against the company. I just like the chart.